|Day's Range||11.40 - 11.40|
Cree's (CREE) fourth-quarter fiscal 2019 results are likely to benefit from ongoing momentum in Wolfspeed business amid Huawei blacklisting and other macroeconomic headwinds.
Cree (CREE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
As a Durham-based company shifts its focus to next-generation semiconductors, it’s inked another top-dollar deal that analysts are celebrating.
Cree, Inc. (CREE) and ON Semiconductor Corporation (ON) announced the execution of a multi-year agreement where Cree will produce and supply its Wolfspeed® silicon carbide wafers to ON Semiconductor, a global semiconductor leader serving customers across the spectrum of electronics applications. The agreement, valued at more than $85 million, provides for the supply of Cree’s advanced 150mm silicon carbide (SiC) bare and epitaxial wafers to ON Semiconductor for use in high-growth markets, such as electric vehicle and industrial applications.
As President Donald Trump tweeted about new tariffs Thursday, businesses in North Carolina and beyond were bracing for an expansion of the trade war with China.
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and small-cap stocks underperformed the […]
The lawsuit, filed be GE, Current Lighting Solutions and Consumer Lighting, came in April, at a vulnerable time for Cree, which was working to close the sale of its entire lighting division to Ideal Industries in a $310 million deal that has since closed.
Insiders at tech companies are telling us our worries about the market are overblown. Over the past few weeks, insiders at more than a dozen tech firms have purchased significant amounts of their company stock. Buying has been especially pronounced at chip companies, which are particularly sensitive to China trade war saber-rattling and changes in growth prospects.
Cree is benefiting from the acquisition of assets of Infineon Technologies' RF Power Buisness. The buyout expanded its Wolfspeed portfolio with robust power and RF GaN-on-SiC power solutions.
One of the Triangle’s largest technology companies confirms a revenue hit as the feds crack down on exports to one of its major customers: Chinese firm Huawei Technologies.
Our call of the day, from Saxo Bank’s head of commodity strategy Ole Hansen, cautions investors against getting too excited over this haven asset again too soon.
Shares of Cree Inc. fell 6.0% in premarket trade Tuesday, after the chip maker cut its fourth-quarter profit and sales outlook, citing the U.S. government's ban on business with China's Huawei Technologies Co. Ltd. The company said it now expects adjusted earnings per share of 8 cents to 12 cents, down from previous guidance of 12 cents to 16 cents. Cree lowered its sales outlook to a range of $245 million to $252 million from prior guidance of $263 million to $271 million. The company said it had expected revenue for products and materials associated with Huawei's wireless infrastructure build out to be up to $15 million in the fourth quarter. Cree's stock has soared 39% year to date through Monday, while the S&P 500 has gained 15%.
Cree, Inc. , the global leader in silicon carbide semiconductors, announced an update to its financial guidance for the fourth quarter of fiscal 2019.
Questions about the high cost of the deal and whether it can win needed regulatory approvals in Washington and China mean it is unlikely to be completed for a while. Here, Infineon's North America leader and former Cypress CEO TJ Rodgers talk about the megamerger, including likely regulatory scrutiny from U.S. and China regulators.
Cree, Inc. (NASDAQ: CREE ) is executing on its turnaround, but the risk-reward profile for the stock is balanced, according to BMO Capital Markets, which dropped its bullish stance Sunday. The Analyst ...
Paperwork filed with the state late last year outline a 3.5 million-square-foot central operations facility, one with an annual employment impact of 7,870 jobs – including 4,000 jobs directly with the firm.
Cree, Inc. (CREE), the global leader in silicon carbide (SiC) semiconductors, has been selected as the exclusive silicon carbide partner for the Volkswagen Group’s “Future Automotive Supply Tracks” Initiative (FAST). “The Volkswagen Group has committed to launch almost 70 new electric models in the next ten years, which is up from our pledge of 50 and increases the projected number of vehicles to be built on the Group’s electric platforms from 15 million to 22 million in that timeframe. This agreement connects two simultaneous revolutions: the automotive industry’s move from internal combustion engines to EVs and the growing adoption of silicon carbide in the semiconductor market.